Factory Overhead Cost Variance Report Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages $25,200 Power and light 15,624 Indirect materials 12,264 Total variable cost $53,088 Fixed costs: Supervisory salaries $16,620 Depreciation of plant and equipment 42,620 Insurance and property taxes 13,000 Total fixed cost 72,240 Total factory overhead cost $125,328 During October, the department operated at 8,900 standard hours. The factory overhead costs incurred were indirect factory wages, $26,970; power and light, $16,260; indirect materials, $13,300; supervisory salaries, $16,620; depreciation of plant and equipment, $42,620; and insurance and property taxes, $13,000. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,900 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ending October 31 Productive capacity for the month 8,400 hrs. Actual production for the month 8,900 hrs. Actual Budget Unfavorable Variances Favorable Variances Variable factory overhead costs: Indirect factory wages $ X $ Power and light $ Indirect materials $ Total variable factory overhead cost $ $ Fixed factory overhead costs: Supervisory salaries $ $ Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost $ Total factory overhead cost $ Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries $ Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances Net controllable variance-unfavorable Volume variance-favorable: Excess hours used over normal at the standard rate for fixed factory overhead Total factory overhead cost variance-favorable